Essay
The following information is for the Bayway Manufacturing Company for November.
| Inventories | Begining | Ending |
|---|---|---|
| Raw material | $17,400 | $13,200 |
| Work in process | 31,150 | 28,975 |
| Finished goods | 19,200 | 25,500 |
| Direct Labor (21,000 DLH @ $13) | |||
| Raw Material Purchases | $120,000 | Insurance-Office | 2,570 |
| Indirect Labor | 11,200 | Office Supplies Expense | 900 |
| Factory Supplies Used | 350 | Insurance-Factory | 1,770 |
| Other Expenses: | Depr. Office Equipment | 3,500 | |
| Depr.-Factory Equipment | 17,300 | Repair/Maintenance-Factory | 7,400 |
Prepare in good form a Statement of Cost of Goods Manufactured and Statement of Cost of Goods Sold.
Correct Answer:
Verified
Correct Answer:
Verified
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